Fisdom wins the Best Financial Services Partner Award - Know more ×
  1. Home
  2. Experts Speak

Category: Experts Speak

Download Our App


Download on the App Store Get it on Google Play
SEBI Logo
SEBI Registered Investment Advisor INA200005323
AMFI
Association of Mutual Funds of India Registered Mutual Fund Distributor ARN:103168
BSE
BSE Registered Mutual Fund Distributor Code No:10140
BSE
256 Bit SSL encryption security
IRDAI
IRDAI Corporate Agent
Finwizard Technology Pvt Ltd
CA License No: CA0505
License Valid till: 19-Jun-2023

Finwizard Technology Private Limited is a member of National Stock Exchange of India Limited (Member code:90228) & BSE Limited (Member code:6696 ) SEBI Registration No. INZ000209036

Depository Participant of CDSL Depository with SEBI Registration No. IN-DP-572-2021

Mutual Fund distributor with AMFI Registration No. ARN:103168

SEBI Registered Investment Advisor INA200005323

Finwizard Technology Private Limited CIN number : U74900KA2015PTC080747

Registered Office Address

Queens Paradise, No. 16/1, 1st Floor Curve Road, Shivaji Nagar, Bengaluru, Karnataka 560071

Correspondence/Communication Address

Office No.1002, A wing, 10th Floor, Kanakia Wall Street, Hanuman Nagar, Andheri Kurla Road, Chakala, Andheri (East), Mumbai - 400093

Tel: +91 89519 49507

Compliance Officer Name : Krishna Jakkula; Email ID : compliance@fisdom.com ; +91 89519 49507

For any grievances related to stock broking/dp, please write to grievances@fisdom.com,

Please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI

Procedure to file a complaint on SEBI SCORES: Register on SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances

Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing.

Download Client Registration Documents (Rights & Obligations, Risk Disclosure Document, Do's & Don'ts) in Vernacular Language: BSE | NSE

Attention Investors
  1. Prevent unauthorised transactions in your account. Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day. Issued in the interest of investors.
  2. KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  3. If you are subscribing to an IPO, there is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non allotment the funds will remain in your bank account.
  4. Stock brokers can accept securities as margins from clients only by way of pledge in the depository system w. e. f. September 01, 2020.
  5. Update your e-mail and phone number with your stock broker/depository participant and receive OTP directly from depository on your e-mail and/or mobile number to create pledge.
  6. Check your securities/MF/bonds in the consolidated account statement issued by NSDL/CDSL every month.
  7. Investors should be cautious on unsolicited emails and SMS advising to buy or sell securities and trade only on the basis of informed decisions.
  8. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 & vide notice no. BSE 20200731-7 dated July 31, 2020 and BSE 20200831-45 dated August 31, 2020 and other guidelines issued from time to time in this regard.

“Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 & vide notice no. BSE 20200731-7 dated July 31, 2020 and BSE 20200831-45 dated August 31, 2020 and other guidelines issued from time to time in this regard.”

Members are also advised to display the following messages on their respective websites under a separate banner “Advisory for investors”:

Attention Investors!

  • Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
  • Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.
  • Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: https://www.bseindia.com/static/investors/Claim_against_Defaulter.aspx / https://www.nseindia.com/invest/about-defaulter-section.
  • Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.
  • Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.
  • Don't ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.
  • Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.
  • Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.”

Precautions for clients dealing in Options

Clients/Investors are advised to avoid below-mentioned practices:

  • Sharing of trading credentials – login id & passwords including OTP’s.
  • Trading in leveraged products like options without proper understanding, which could lead to
    losses
  • Writing/ selling options or trading in option strategies based on tips, without basic knowledge
    & understanding of the product and its risks
  • Dealing in unsolicited tips through WhatsApp, Telegram, YouTube, Facebook, SMS, calls, etc.
  • Trading in “Options” based on recommendations from unauthorised / unregistered investment
    advisors and influencers.